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talks of new technology hubs. paris has gone a bit by the wayside. quick to rollbeen up the red carpet for the investors and startups. they are trying to grab back the initiative. if a poor reputation. they have high-end changing tax laws, difficult labor laws across the board, and they for bid dailymotion to be bought out by yahoo!. too many startups go to london. it is easier. they are trying to change that around. yet more plenty -- money pumped in. the government is putting its money where its mouth is. million euros are going into this. i will be talking about this with our guests. i will be talking to someone with birch box. i will be saying what she thinks the sentiment is like here. after you. -- back to you. >> speaking of tech companies, nokia is said to be nearing a deal with india tax authority. it is ready to pay off to microsoft. we have the details from hong kong. >> a very good morning to you. we are watching what is happening from the delhi high court. they are ready to rule on its key assets today. the company is close to settling a
talks of new technology hubs. paris has gone a bit by the wayside. quick to rollbeen up the red carpet for the investors and startups. they are trying to grab back the initiative. if a poor reputation. they have high-end changing tax laws, difficult labor laws across the board, and they for bid dailymotion to be bought out by yahoo!. too many startups go to london. it is easier. they are trying to change that around. yet more plenty -- money pumped in. the government is putting its money where...
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consumers are adapting to new technology especially mobile technology. sommers once a web and where they wanted and on what device. media companies have to adapt. the growthdriver for and usage of content as well as much relation. all ofstarting to see the media companies charge crate thatand online experience really capture how consumers are consuming media. >> was hot stuff right now? original content? >> we are seeing across the spectrum whether hbo's or basic cable channels across the globe, original programming. values not seem to be the crater of rerunning existing programs. a lot of the networks and over the top players such as netflix are investing capital and original programming. that is what is happening as in audience becomes more fragmented , original drives subscription revenue and advertising. netflix credit o. co coliseum cards -- created "house of cards" and we are seeing it is the driver. >> is a danger they overpay? would you look at sports, some of the figures are so big. , and iss rights probably the most valuable across the globe. l
consumers are adapting to new technology especially mobile technology. sommers once a web and where they wanted and on what device. media companies have to adapt. the growthdriver for and usage of content as well as much relation. all ofstarting to see the media companies charge crate thatand online experience really capture how consumers are consuming media. >> was hot stuff right now? original content? >> we are seeing across the spectrum whether hbo's or basic cable channels...
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many places will benefit, a lot of technology companies because a lot of the investment is going into increased efficiencies rather than the capital deepening or machine machinery or equipment. >> peter, thank you so much for being with us for the first half of the program. peter oppenheimer. coming up on the program, we take a look at the life and legacy of nelson mandela. as we head to break, several elebrities have been speaking. bono said -- >> welcome back to move. i'm francine lacqua at bloomberg's european headquarters here in london. wiver 30 minutes into the -- we're 30 minutes into the trading day. let's see how things are shaping up. stocks for the moment pretty much at advancing. you can see the character -- the cac the dax and the ftse up. euro/dollar will be driven by the sentiment from the u.s. jobs data. you can see dollar/yen 102.19. chief abe is calling for a summit with the chinese president. he wants to discuss tensions over an air defense zone in the east china sea. japan has its own zones to protect its claim to strategicically important islands. the port of hamb
many places will benefit, a lot of technology companies because a lot of the investment is going into increased efficiencies rather than the capital deepening or machine machinery or equipment. >> peter, thank you so much for being with us for the first half of the program. peter oppenheimer. coming up on the program, we take a look at the life and legacy of nelson mandela. as we head to break, several elebrities have been speaking. bono said -- >> welcome back to move. i'm francine...
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we will show you how technology changes how ups operates. which technology-driven advertising agency is the most advertiul at turning
we will show you how technology changes how ups operates. which technology-driven advertising agency is the most advertiul at turning
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pier three in san francisco, welcome to the late edition of "bloomberg west," where we look at the technology and media companies shaping our world. i'm emily chang. let's get to the rundown. nelson mandela died at the age of 95 and tributes are pouring in around the globe. >> we've lost one of the most influential and courageous and good human beings. he belongs to the ages. >> mandela served 27 years in prison after being convicted of treason with the white minority government. three years later, he won the nobel peace prize. he became the first elected black president. once again, mandela has died at 95. we'll have more later in the show. meantime, our top tech story, twitter has added the first woman to their board effective immediately. she was ceo of pearson until last year. twitter faced controversy for not having a woman board member. she tweeted, "there could not be a more exciting time to join." john is in l.a. what is the latest? >> this was a priority to have a woman join the board. there are a number of things that made her the right candidate. she is smart and a forward thinking
pier three in san francisco, welcome to the late edition of "bloomberg west," where we look at the technology and media companies shaping our world. i'm emily chang. let's get to the rundown. nelson mandela died at the age of 95 and tributes are pouring in around the globe. >> we've lost one of the most influential and courageous and good human beings. he belongs to the ages. >> mandela served 27 years in prison after being convicted of treason with the white minority...
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our focus is on innovation, technology, and the future of business. let's get straight to the rundown. a coding lesson from mark zuckerberg. his video is one of many for students interested in the coding
our focus is on innovation, technology, and the future of business. let's get straight to the rundown. a coding lesson from mark zuckerberg. his video is one of many for students interested in the coding
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qwest we are in internet technology company that works off of platform. be able toon is to grow the business without having to grow the number of employees at the same rate. jon erlichman, bloomberg, san jose. qwest a special "bloomberg west" is live in the next hour. they have exclusive interviews ebay ceo andhey -- president of paypal. do not miss it next hour. a $2000 bottle of whiskey and drinks and congress may need a stiff drink to get through the next week. there is a budget deadline coming and no deal insight. -- in sight. ♪ >> it is 26 minutes after the hour. we are on the markets. let's take a look where stocks are trading today. breaking a five-day losing streak as it trades higher by nearly one percent on the yield of better than estimated jobs data for the last month. the dow and the nasdaq following suit. we want to highlight two for you. first, shares falling the most since december 2009. retail reported third-quarter results and forth order guidance that both fell short of analyst estimates. downgraded to neutral from overweight. also, j
qwest we are in internet technology company that works off of platform. be able toon is to grow the business without having to grow the number of employees at the same rate. jon erlichman, bloomberg, san jose. qwest a special "bloomberg west" is live in the next hour. they have exclusive interviews ebay ceo andhey -- president of paypal. do not miss it next hour. a $2000 bottle of whiskey and drinks and congress may need a stiff drink to get through the next week. there is a budget...
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pier three in san francisco, welcome to the late edition of "bloomberg west," where we look at the technology and media companies shaping our world. i'm emily chang. let's get to the rundown. nelson mandel died at the age of 95 and tributes
pier three in san francisco, welcome to the late edition of "bloomberg west," where we look at the technology and media companies shaping our world. i'm emily chang. let's get to the rundown. nelson mandel died at the age of 95 and tributes
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technology is key. it will be interesting to see what he thinks over at google hq. >> thank you very much, talking about the french problem at tui travel. we saw production data out of the french economy this morning. that might be impacted by our next story. cut almost 6000 jobs from its defense and space unit. let's get more details on what happens next from david tweed. he joins us from berlin. the origins of this restructure must lie with the failed merger with bae systems. since then, management looking very carefully at this unit. >> not that long ago, management wanted to see half of the business coming from the airbus civil aircraft business and half of the business coming from defense and space. since the merger was dropped by the germans, they have stepped right away from this. it is also a reflection of the drop in spending that we are seeing in europe. that is something that tom eggers was talking about. markets in europe are particularly down. one example is that, think about it. france put
technology is key. it will be interesting to see what he thinks over at google hq. >> thank you very much, talking about the french problem at tui travel. we saw production data out of the french economy this morning. that might be impacted by our next story. cut almost 6000 jobs from its defense and space unit. let's get more details on what happens next from david tweed. he joins us from berlin. the origins of this restructure must lie with the failed merger with bae systems. since...
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about science -- are we going to come back the linkages that exist between university science technology -- are we making enough of those links? are we doing enough? today we made some very exciting announcements. college -- they have imperial west and they have 41 startups over to the westfield .on -- complex in west london we're working with universities to tap into the innovation that is inside their knowledge base and inspire those guys and give them what they need. ups --upporting scale like what we have done with the future 50 and removing all the barriers for those companies that would prohibit or inhibit them from reaching our public markets in the u.k. >> the story is a fascinating one. but we are still in the foothills. signifies this report that the london economy has made a change. instead of just relying on financial services, we have another robust sector. 50 companies are proof of that -- the future 50. we will see these companies grow and evolve and this they make their home in the u.k. and potentially list year, the growth in him jobs will follow. when you first announce
about science -- are we going to come back the linkages that exist between university science technology -- are we making enough of those links? are we doing enough? today we made some very exciting announcements. college -- they have imperial west and they have 41 startups over to the westfield .on -- complex in west london we're working with universities to tap into the innovation that is inside their knowledge base and inspire those guys and give them what they need. ups --upporting scale...
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they will use the technology. they could actually go immediately to the live feed? we are on my. if you could say i want to see brian marshall? now? boom.ller right >> that is the next th. they will want -- they will get it for you. that is the next step i think of what they're going to do. >> agreed. >> very neat. that day.t for coming up, there is a way to have your cake and eat it, too. at least according to ajay. he will explain. why does mercedes have pertained different cars when four models my have been just fine? today's -- the answer in today's global outlook. ♪ >> what if we could have our cake and eat it too? time for insight and action. this is what prompts the question. -- loeys writes think aboute, let's that. value and momentum. value says something is cheap. momentum says price is accelerating. how could you necessarily have value and momentum in the same stock? curious. here is what we did. we try to figure out if it is possible. we started with the s&p 500. then we narrowed it down to the lesss trading with a pe of than 10 times. there is the value component.
they will use the technology. they could actually go immediately to the live feed? we are on my. if you could say i want to see brian marshall? now? boom.ller right >> that is the next th. they will want -- they will get it for you. that is the next step i think of what they're going to do. >> agreed. >> very neat. that day.t for coming up, there is a way to have your cake and eat it, too. at least according to ajay. he will explain. why does mercedes have pertained different...
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we will pay attention to drone technology. the technology is not that far away. i think they'll regulation is years and years away. -- i think the regulation is years and years away. regulating drones is a challenge. >> are you thinking about five years out? >> i would say more like 10 years. this is a technology company. it is the backbone of what ups does. they spend about $1 billion a year on technology and most of that is looking at what could be down the road. interesting to hear what they had to say about drones. certainly, nothing is just around the corner here at ups. turning to ubs and the world of health care, what did the chief executive -- turning to ups and the world of health care, what did the chief executive have to say about their role in delivering products and services? >> i had no idea how much they are involved in health care. they have several buildings just devoted to health care here. and you know, fulfillment, and logistics, and just taking care of other companies. here is what scott davis had to say about health care companies specifical
we will pay attention to drone technology. the technology is not that far away. i think they'll regulation is years and years away. -- i think the regulation is years and years away. regulating drones is a challenge. >> are you thinking about five years out? >> i would say more like 10 years. this is a technology company. it is the backbone of what ups does. they spend about $1 billion a year on technology and most of that is looking at what could be down the road. interesting to...
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stubhub is using technology and data to create a better experience for fans. i know you love your concerts. >> and a big sports fan as well. there is no more efficient market than stubhub. stubhub will opt in with a solution. ebay scooped it up in acquisition a few years back. check this out. >> scalpers -- it is time to change the way that tickets are sold. >> it is about the fan experience. innovation is used across the business. >> stubhub takes a percentage off ticket sales on the rest goes to the seller. stubhub is after a lot more. the business has grown dramatically. back then it sold 10 tickets a minute. today it sells one ticket every second. it has grown with mobile ticketing. stubhub is a risk for even. the ebay gross margins have fallen. milking big data could be the key. >> this is a new science. we are trying to understand that. raji arasu is the chief technology officer. >> where we are taking it to the next level is what that consumers might be intending to do. >> for years i bought tickets from a site called mr. ticket. but stubhub sets the ma
stubhub is using technology and data to create a better experience for fans. i know you love your concerts. >> and a big sports fan as well. there is no more efficient market than stubhub. stubhub will opt in with a solution. ebay scooped it up in acquisition a few years back. check this out. >> scalpers -- it is time to change the way that tickets are sold. >> it is about the fan experience. innovation is used across the business. >> stubhub takes a percentage off...
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technology could be the long- term answer. they say that computer related jobs are expected to rise by 2020. this is the founder of a computer coding school. he says there is a need for computer programmers to help boost a global, sustainable economy. he joins us now from our san francisco euro. welcome to bottom line. thank you for your time tonight. what is the answer to improving the unemployment rate? >> it is a good question. i obviously don't have the full picture for the answer. but i think a big piece of the puzzle isle that's -- that there is a huge demand. it breaks my heart to know that there are thousands of job openings and millions of unemployed americans. quickf the answer is programs that focus on getting american talent into these jobs. >> what is key in the evolution of education? our camps and programs like it the wave of the future? >> it is part of the future. the biggest key as that this country has a fascination with higher education, which is great. at the same time, we seem to be hypnotized with the id
technology could be the long- term answer. they say that computer related jobs are expected to rise by 2020. this is the founder of a computer coding school. he says there is a need for computer programmers to help boost a global, sustainable economy. he joins us now from our san francisco euro. welcome to bottom line. thank you for your time tonight. what is the answer to improving the unemployment rate? >> it is a good question. i obviously don't have the full picture for the answer....
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mobile technology is enabling is that line to blur. c.e.o.e talking to the about the company's big investment in high-tech .torefronts then, for the final day of bubble week, we're looking at biggest bubblehe of all, bitcoin a digital millionaire named bitcoin jesus explains why you believer.a >> market near highs of the day right now, the five-day slide officially come to an end as markets gain on jobs. welcome, everyone, to the most important hour of the session. minutes to go until the closing bell. markets forng the today and for monday. 203,000 jobs being added to the economy. exciting to see. great news. >> 7% unemployment. >> yes, americans back to work. forcee labor participation went up meaning more people are being counted. that's been a big concern, that just falling off. >> all reason to cheer. and market likes it. >> market loves it. they mightd think get nervous because it might mean tapered sooner rather than december.n as soon as >> right. >> nonetheless, higher. >> good news is good news. let's go to the big picture. w
mobile technology is enabling is that line to blur. c.e.o.e talking to the about the company's big investment in high-tech .torefronts then, for the final day of bubble week, we're looking at biggest bubblehe of all, bitcoin a digital millionaire named bitcoin jesus explains why you believer.a >> market near highs of the day right now, the five-day slide officially come to an end as markets gain on jobs. welcome, everyone, to the most important hour of the session. minutes to go until the...
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yearspent $1 billion per on technology. most of that money is looking at new technology and new ways of improving the system. it is hard to say. we will have to see over time what the payoff is. they would not make this investment him as were pretty confident about it. 2017,hey roll this out in if they could shave one mile off of each ailey route, you're talking about saving $50 million. each little fraction adds a lot here. pretty significant, back to you. >> our national correspondent carol massar and we take you inside ups. when we come back, matt miller's day two of the coin. -- day two of bitcoin. ♪ >> it is day two on matt dider's 12 days of bitcoin yesterday he bought one bitcoin for $800 and today he is shopping. you have a christmas present for me right? >> i got a couple of things today. i have learned so much over the past couple of days about how bitcoin works, how much fun it actually is to use. there are, obviously, limitations. earth of all, not a lot of merchant's except bitcoin directly, yet. sort of hold
yearspent $1 billion per on technology. most of that money is looking at new technology and new ways of improving the system. it is hard to say. we will have to see over time what the payoff is. they would not make this investment him as were pretty confident about it. 2017,hey roll this out in if they could shave one mile off of each ailey route, you're talking about saving $50 million. each little fraction adds a lot here. pretty significant, back to you. >> our national correspondent...
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. >> technology was the enabler for this online secondary ticket marketplace to happen. class features like interactive seat mass and mobile ticketing and ways to buy a couple of seats and split the bill with a friend. stub hub is a risk for ebay. the business has much worse mark -- margins. fallengross margins have since the stub hub acquisition. paypal surely furthered the trend. every april mental dollar of stub hub profits compresses ebay's overall margins. milking big data could be the key to improving it. we are is a new science trying to develop and trying to understand that. >> stub hub's chief technology officer. already.w buyers where we are taking it to the next level is understanding user's pick data. it is what they are might be intending to do. >> for more on the inter--- innerworkings of ebay, jeff on how the auction site has grown and what problems it will face in his -- in its expansion. campushnson is at ebay's as we speak. , into anclearly grown online giant. tell us this scale of ebay right now. >> it is really big. hard to conceive. use ebaye who do
. >> technology was the enabler for this online secondary ticket marketplace to happen. class features like interactive seat mass and mobile ticketing and ways to buy a couple of seats and split the bill with a friend. stub hub is a risk for ebay. the business has much worse mark -- margins. fallengross margins have since the stub hub acquisition. paypal surely furthered the trend. every april mental dollar of stub hub profits compresses ebay's overall margins. milking big data could be...
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turning to technology. technology countries have called on president obama and congress -- onose greater surveillance. >> they want to governments not just the u.s. government to change the way they carry out their electronic surveillance programs. of theiggest -- eight biggest companies have signed a letter to president obama and congress that will go in the papers today. they have done this before. the difference is they are more angry. it is a populist tone. that are more specific. one thing they want is to limit the government authority to collect user information stop we heard the google ceo and he is quoted in the letter and he said, we have been tried to off our game with encryption to protect user data. whenever government is taking a information, that is not worth a whole lot. he is talking about a program called muscular when we had the smiley face emoticon under the nsa slide that indicated exactly how the nsa is collecting data from google and yahoo! where their internal servers meet the public
turning to technology. technology countries have called on president obama and congress -- onose greater surveillance. >> they want to governments not just the u.s. government to change the way they carry out their electronic surveillance programs. of theiggest -- eight biggest companies have signed a letter to president obama and congress that will go in the papers today. they have done this before. the difference is they are more angry. it is a populist tone. that are more specific. one...
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this is backed by a lot of data and information technology. i spent some time at one of their data centers up in new jersey. it is built like fort knox. there is so much information. lots of levels of security. that building -- there are only about 50 buildings built with that kind of data security. we got to see some of the 20,000 servers that back up all of the -- that is the necessary to get the packages around the world. i spoke with the chief information officer and this is what he had to say about managing all of that data. cancellations are being done every second? -- how many calculations are being done every second? driver has 120 to 175 stops today. you might think that is relatively easy to plan, but it 15 trillion calculations to determine what that most optimum route would be. it all happens here in these data centers. >> tons and tons of data. they have that huge data center up in new jersey. they have another backup center in atlanta. l center so that if anything goes wrong, they can transfer over to the other center. they want
this is backed by a lot of data and information technology. i spent some time at one of their data centers up in new jersey. it is built like fort knox. there is so much information. lots of levels of security. that building -- there are only about 50 buildings built with that kind of data security. we got to see some of the 20,000 servers that back up all of the -- that is the necessary to get the packages around the world. i spoke with the chief information officer and this is what he had to...
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the technology will be demonstrated in a mock auction. one of the big complaints about the exchange was not adequate into to and testing before it launched. >>, god, for over 30 years, -- coming up, for over 30 years iranand israeli -- relations have been strained. "bottom line"n continues. ♪ >> welcome back. this is "bottom line," on bloomberg television and streaming on your phone, tablet, and on bloomberg.com. lesson of the equity markets finished. s&p roseose to -- the to another record. let's look at the numbers. the broader index was up to 180 8. dow was up. nasdaq was up six points. you the stories behind the numbers. su is in the newsroom with the details. >> a good evening. people get more comfortable with the idea that that may begin to taper. fed may begin to taper. could impact from the vockel rule create more ways? had this to say. >> it is a possibility we will be going to far. watch and see. i am not being a pessimist. i am being pragmatic. -- i do think i know more about adult margins than most. i am alarmed it may be to
the technology will be demonstrated in a mock auction. one of the big complaints about the exchange was not adequate into to and testing before it launched. >>, god, for over 30 years, -- coming up, for over 30 years iranand israeli -- relations have been strained. "bottom line"n continues. ♪ >> welcome back. this is "bottom line," on bloomberg television and streaming on your phone, tablet, and on bloomberg.com. lesson of the equity markets finished. s&p...
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they spend a lot on technology as well. they are always looking for new systems. have a look at drones, yes. not necessarily anytime in the near future. us from massar joining world port. that is the ups hub in louisville. she will be reporting from louisville all day long. i think it is great that she got to wear brown -- >> i would love to go on a ups truck for one day just to see -- >> we should go now. >> i don't think you would make it, to be honest. >> unfortunately, i think you are right. when is the lunch break? can we go to the four seasons for lunch? willloomberg surveillance" be right back. stay with us. ♪ >> gold is up $15. joining us right now, betty liu. do, betty liu? >> ron johnson is going to be joining us. he is in studio. he is the senator from wisconsin. he is visiting us in new york. he is one of those who have said we need to repeal obamacare. he made an about-face and conceded defeat yesterday. we can't, he said. it is a huge deal. let's talk about transition is what his new comment is. >> betty liu, 8:00 a.m. this morning. she will have c
they spend a lot on technology as well. they are always looking for new systems. have a look at drones, yes. not necessarily anytime in the near future. us from massar joining world port. that is the ups hub in louisville. she will be reporting from louisville all day long. i think it is great that she got to wear brown -- >> i would love to go on a ups truck for one day just to see -- >> we should go now. >> i don't think you would make it, to be honest. >>...
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>> let's start with technologies heavyweights taking on the nsa. calling on the u.s. government to overhaul its surveillance practices. the balance between protecting citizens and individual rights has swung too far in the favor of the state. the world's biggest airline takes off today. scheduled to sign final merger documents this morning on the almost $18 billion deal. the new company will be called american airlines group. floating onsidering its operation. sounding off on investors to see if they would support the group. one plan to list a minority stake in its u.k. retail and commercial banking business. >> very good. congress has in the final week before the holidays key lawmakers are hopeful a short-term budget deal will reach to avoid a medium-term government shutdown. paul ryan and patty murray will chair the house and senate budget committees, they're working hard to reach a long-term agreement. get that short-term, medium-term, long-term? our correspondent is in charge of terms. peter, i'm budget conferenced worn out. what's different this time? >> tom, i h
>> let's start with technologies heavyweights taking on the nsa. calling on the u.s. government to overhaul its surveillance practices. the balance between protecting citizens and individual rights has swung too far in the favor of the state. the world's biggest airline takes off today. scheduled to sign final merger documents this morning on the almost $18 billion deal. the new company will be called american airlines group. floating onsidering its operation. sounding off on investors to...
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they do not think you can transfer over the technology boom. if needed to help the budget. >> the economic data seems that it has been picking up. the results have not been strong. you look at ibm and cisco and they have seen shrinking cyst -- sales. >> this is a model. most of this criticism to paul ryan of wisconsin -- if you make a model, make it a model that can work out. we have not seen that. we have not seen the view forward on paper. of your favorite topics, bitcoin. matt miller is in the process of acquiring bitcoin at this very moment. matt, i want to see this going down. >> i'm a little concerned about having to hand someone $800 in actual money for one bitcoin. we will see how it works out. that may be enough money for a down payment or at least a and theon a fiat 500 italian company hopes to sell a lot more of those, especially in new york. they have a plan to go upscale, upmarket and bring the production for a lot of cars back to italy. in order to do that, he wants to sell more maseratis. he wants to sell more of those fiat 500s
they do not think you can transfer over the technology boom. if needed to help the budget. >> the economic data seems that it has been picking up. the results have not been strong. you look at ibm and cisco and they have seen shrinking cyst -- sales. >> this is a model. most of this criticism to paul ryan of wisconsin -- if you make a model, make it a model that can work out. we have not seen that. we have not seen the view forward on paper. of your favorite topics, bitcoin. matt...
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the biggest race going on is technology. who comes up with the best powertrains with the lowest fuel burn? inrefore, i think experience r&d, engineering is really critical. the new challenge for safety and high-tech convenience, all combined, it's really critical. as is true motors, for other auto companies, they are trying to achieve what i call worldwide cars. a leader that started all of this was toyota. you buy the same car the same name whether or are in the u.s., europe, japan. it gm is a bit behind. in my opinion, they are challenged to get there. that are the challenges mary will have and i think she has the background to do it. it, itway you describe makes it sound like being an engineer is a plus, especially an engineer who has moved up through the ranks, in this case general motors. there have been a number of ceos , but to what degree is that a strike against her? >> i will put it this way. she worked in what i will call the before general motors and after. my hope and expectation is that she has learned from the
the biggest race going on is technology. who comes up with the best powertrains with the lowest fuel burn? inrefore, i think experience r&d, engineering is really critical. the new challenge for safety and high-tech convenience, all combined, it's really critical. as is true motors, for other auto companies, they are trying to achieve what i call worldwide cars. a leader that started all of this was toyota. you buy the same car the same name whether or are in the u.s., europe, japan. it gm...
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we will talk about how they became a technological giant. ♪ . . click the big pension fund that is not been shy -- >> the big pension fund that is not done shy. a link to the new town, connecticut school shooting. >> and disrupting the weight- loss industry with an app that does a lot more than count calories. click from bubble to bust to boom. any commerce giant has seen it all in silicon valley. we will show you ebay by the numbers. makers"watching "market everybody. it is 11:00 on a friday here in new york city. >> in just a few minutes we will break down the world of fitness. until then, we got to get to the newsfeed, the top business stories from around the world. we have not seen unemployment is low in five years. the economy has 200-3000 jobs added last month. -- 200 thousand three -- the economy has 200,000 jobs added last month. more than estimated. and hedge funds are headed for year for the s&p 500 since 2005. bloomberg crunched the numbers and found the average hedge fund return just over seven percent through the end of october. that
we will talk about how they became a technological giant. ♪ . . click the big pension fund that is not been shy -- >> the big pension fund that is not done shy. a link to the new town, connecticut school shooting. >> and disrupting the weight- loss industry with an app that does a lot more than count calories. click from bubble to bust to boom. any commerce giant has seen it all in silicon valley. we will show you ebay by the numbers. makers"watching "market everybody....
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they see a real value proposition where we can provide technology to them, fundamental at technology to create integrations and mobile. at the same time, we can build revenue around that. by putting those two things together, we have been able to solve the fundamental problem of how do you make honey and mobile? how do you build that business? without cargo, it is hard to do. what do your clients one most from you? know they have a partner that understands what premium is, that is respectful of the brand and how long it has taken them to build that brand. cpmt dollars, high premium dollars. with a sales force that understands mobile. if you can help them understand mobile and bring them the dollars they would not get themselves, there is nothing better. they keep coming and saying, cargo, you solved our mobile advertising challenges. video.do you have a lot of social media integration. you have made of advertising. this gets a lot of allegories of what your client -- categories of what your client wants. >> whether it is the better homes & gardens of the world, whether it is the tech
they see a real value proposition where we can provide technology to them, fundamental at technology to create integrations and mobile. at the same time, we can build revenue around that. by putting those two things together, we have been able to solve the fundamental problem of how do you make honey and mobile? how do you build that business? without cargo, it is hard to do. what do your clients one most from you? know they have a partner that understands what premium is, that is respectful of...
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>> technology is disrupting all kinds of businesses, vacation rentals included. it comprises almost one million paid listings in 171 countries. with me from austin, texas. company,se of your more room to relax, less cost than a traditional hotel. >> we started this business in 2005 and the demand keeps going up. just in the u.s. and europe alone, 21 million families own second homes and vacation outlets. better than it has ever been. see demand up sharply over the year before. >> not that surprisingly, there are a lot of sunny spots where people who have vacation homes want to rent. >> no matter what time of the year, you find that the beach is always the most attractive option. tends to comprise 70% of vacations. we see beach at the top of the list, hawaii, various marks and florida always the biggest. mix of skietty big destinations, two. breckenridge, lake tahoe, aspen colorado. >> how do you make your money? companies and people are paying you to list homes. is there any other revenue source? >> the question changing quite a bit has been big news over the las
>> technology is disrupting all kinds of businesses, vacation rentals included. it comprises almost one million paid listings in 171 countries. with me from austin, texas. company,se of your more room to relax, less cost than a traditional hotel. >> we started this business in 2005 and the demand keeps going up. just in the u.s. and europe alone, 21 million families own second homes and vacation outlets. better than it has ever been. see demand up sharply over the year before....
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or technology to come. as ang at everything company, technology the backbone at ups a driving so much air, and as you heard, not in the cards anytime soon. we spoke more with scott davis -- we will speak more with scott davis later on here. >> thank you. carol massar at ups. tune into bloomberg all day long as we go inside of ups and find out more about how the it just package shipping company is an matching the world 20 years from now. time now for on d markets. >> we are seeing markets pull back a little bit today. they closed at a record yesterday. if you look at the major averages here of people considering defense tapering, potentially, when will it come as well as budget talks from washington. s&p go backg the about four points or zero point 25%. we will have more. ♪ ofthis is the early addition "bloomberg west." i'm emily chang. headlines.op world leaders are remembering nelson mandela at a memorial service at a soccer stadium in south africa. president obama was among those who spoke at the servic
or technology to come. as ang at everything company, technology the backbone at ups a driving so much air, and as you heard, not in the cards anytime soon. we spoke more with scott davis -- we will speak more with scott davis later on here. >> thank you. carol massar at ups. tune into bloomberg all day long as we go inside of ups and find out more about how the it just package shipping company is an matching the world 20 years from now. time now for on d markets. >> we are seeing...
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technology clusters. the fact that the government and private sector can work together , if you look at media city and manchester and every other big city, tech city has provided a blueprint by which these clusters of businesses can come together. the most important thing is atop the story up in terms of how successful tech city has been to this country. there are so many other things that can be done. the doubling of the start up an important part of backing a proven winner which is small business. >> one of the things i've yet to truly feel is the link from a geographical point of view between what is a hundred meters down the road that way and what is a hundred meters up the road that weight. we saw the technology boom collapse in 2000, what that did was act as a kickstart her for what was a huge evolution of the tech scene. with having a similar thing in financial services. it is get these two -- starting but you sense that we are in the foothills of what could be an amazing relationship. is not to th
technology clusters. the fact that the government and private sector can work together , if you look at media city and manchester and every other big city, tech city has provided a blueprint by which these clusters of businesses can come together. the most important thing is atop the story up in terms of how successful tech city has been to this country. there are so many other things that can be done. the doubling of the start up an important part of backing a proven winner which is small...
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maybe technology. maybe it will be cybersecurity and it will impact a lot of us, but i do not think the big crisis will be in financial services as much as some people worry about. >> he also met with the president of black rock asked about the firm's outlook. >> we think that growth is going too slow for a longer. of time. we think that the fed is going to keep monetary policy easy, meaning that short-term rates are going to remain where they are and long-term rates will move upwards a bit. and the stock market, you know, right now things are pretty high. we squeezed a lot of juice out of that and maybe we have a bit more. we want to be a bit cautious for the longer-term right now and we want to make sure that people are using this diversification to understand that correlation may work against them if the in the way weact are thinking. >> speaking of big money, big deals, if you follow private equity you know that the largest leveraged buyout in history is the $45 billion buyout of this texas utility
maybe technology. maybe it will be cybersecurity and it will impact a lot of us, but i do not think the big crisis will be in financial services as much as some people worry about. >> he also met with the president of black rock asked about the firm's outlook. >> we think that growth is going too slow for a longer. of time. we think that the fed is going to keep monetary policy easy, meaning that short-term rates are going to remain where they are and long-term rates will move...
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.> you heard it here first >> let's move on and talk technology. a number of technology giants have called on president gong to have greater restrictions on government security. looking the companies for? >> what they want the government o do is curtail their electronic surveillance programs. it is eight of the biggest tech written an o have open letter to president obama and the congress. today.s in papers effectively they appear to be more specific in what they want. one thing they want is there to the authority o of the government to access online. e-mail and data we heard effectively that kind c.e.o. of t from the google saying we have been doing in terms of encryption and -- of data but we have learned the government is taking the data servers. so that undermines our effort. that is the first thing is see put on the government's ability and authority to access information in the world. >> but what we are talking about only way the n.s.a. is collecting data. page fectively what larry is talking about is the n.s. afpa. muscular that the world le
.> you heard it here first >> let's move on and talk technology. a number of technology giants have called on president gong to have greater restrictions on government security. looking the companies for? >> what they want the government o do is curtail their electronic surveillance programs. it is eight of the biggest tech written an o have open letter to president obama and the congress. today.s in papers effectively they appear to be more specific in what they want. one thing...
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it was solved technologically. >> and the cleaning up of l.a. you could not see the mountains outside of pasadena, and there they were. >> something very cute i want to show you. herself was upset when the dog knocked over a two- year-old girl. but it looks like she tripped over her walker. then the dog licks her and she was very happy and she was all smiley. she did call for her mommy, though. and of course, the christmas tree lighting at the white house will happen friday. "bloomberg surveillance" will be continuing. up next, banking and the volcker rule. ♪ >> and this is "bloomberg surveillance." tom keenet fu, with and alix steel. from the files of bloomberg west -- a set actor bitcoin in china. the central bank banning financial firms from handling bitcoin transactions. they say bitcoin does not have a ofe same legal status other currencies. people can use the currency as long as individual take on the risk themselves. my chris ault beefing up privacy of online communication. it is expanding data encryption to protect customer information
it was solved technologically. >> and the cleaning up of l.a. you could not see the mountains outside of pasadena, and there they were. >> something very cute i want to show you. herself was upset when the dog knocked over a two- year-old girl. but it looks like she tripped over her walker. then the dog licks her and she was very happy and she was all smiley. she did call for her mommy, though. and of course, the christmas tree lighting at the white house will happen friday....
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it has got modern technology. the styling tells you it is a mustang. cars a lighthouse banner for us as we rollout the 25 cars in five years in our european launch that we launched a few months ago. launching it,ou this pony car, in a european market? customers right now are shying away from buying cars. industry in its pre-recession high was 80 million in western europe. 13.5.ly closer to we are running along a number of signs of very modest, but nonetheless, recovery. it is recovered moderately. that 13.5 million, it has stayed broadly the same. there are still have some interest in the sports cars. it has a was been an interesting mustang. you think it is very relevant at this time and appropriate. can you give us an idea of how many of these you expect to sell in europe? >> yeah. we're not giving volume predictions at the moment. probably later next year as we more about that details of the car am a we will then.to talk about it we know there is a great deal of interest in the car. it does not just help the brand, but the car as well. could it beco
it has got modern technology. the styling tells you it is a mustang. cars a lighthouse banner for us as we rollout the 25 cars in five years in our european launch that we launched a few months ago. launching it,ou this pony car, in a european market? customers right now are shying away from buying cars. industry in its pre-recession high was 80 million in western europe. 13.5.ly closer to we are running along a number of signs of very modest, but nonetheless, recovery. it is recovered...
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it will be the technology that promotes faster downloads. it will give you a network inside of china. there are two trips to china this year. and you look at the revenue the potential of selling the rep -- the potential of selling it, you will see why. it is 13% and, in terms of revenue, it represents a massive market for apple and it looks like it has cleared a regulatory hurdle. >> he has been busy. what is the latest on the calls to boost the stock buyback? >> he is: for a buyback and he is pushing for a shareholder vote. , you cannotting have a vote on this. we have him dialing back to demands. he is lowering that a little bit. some reports say this 50 billion. he is also disclosing his size of state and be .5% of apple is what carl icon has. it is nonbinding and that is a crucial distinction. for -- toorce apple put out more money. they will unload from their books. >> thank you for that update. these are the top headlines. the bank of england is seeking an exemption from a stress test. herell conduct an example and convince regulators
it will be the technology that promotes faster downloads. it will give you a network inside of china. there are two trips to china this year. and you look at the revenue the potential of selling the rep -- the potential of selling it, you will see why. it is 13% and, in terms of revenue, it represents a massive market for apple and it looks like it has cleared a regulatory hurdle. >> he has been busy. what is the latest on the calls to boost the stock buyback? >> he is: for a...
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will be other technologies that are a game changer. three deep renting is something not that are away. most hearing aids are ready are being made with 3-d printing machines. companies like general electric are making jet engine parts with 3-d printing. that will affect our business in the next five years. probably bringing manufacturing closer to home. -- 3-d impact will have impact on your business. >> three b is a little bit closer. is a little bit closer. our job is to look out but also be realistic for when it will be applied. >>. you guys have built big-time into. you are the supply chain for merck, for example. >> we are excited about health care. 13, 14 years we have been involved in health care. you have ramped up investments in recent times. the reality is they need to spend efforts and time on research and development and turn the supply chain over to you ups. we have wonderful technology. that goesetwork absolutely everywhere and experts of compliance. parts of thetical industry. it is a fast-growing industry with democrat v
will be other technologies that are a game changer. three deep renting is something not that are away. most hearing aids are ready are being made with 3-d printing machines. companies like general electric are making jet engine parts with 3-d printing. that will affect our business in the next five years. probably bringing manufacturing closer to home. -- 3-d impact will have impact on your business. >> three b is a little bit closer. is a little bit closer. our job is to look out but...
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mobile technology is enabling is that line to blur. c.e.o.e talking to the about the company's big investment in high-tech .torefronts then, for the final day of bubble week, we're looking at biggest bubblehe of all,
mobile technology is enabling is that line to blur. c.e.o.e talking to the about the company's big investment in high-tech .torefronts then, for the final day of bubble week, we're looking at biggest bubblehe of all,
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technology will be demonstrated for participants in a mock auction. it will be tested before the sale happens. one of the big complaints about the health care exchange website, there was not an adequate end to end test of the entire system. >> thank you. next, the real problem with fannie and freddie. we will explain with josh rosner and will be right back. ♪ qwest time for chart attack, where we show you two charts that will make you smarter. first, fannie and freddie kind of got stuck holding the bag. by some measures, they may still be the only measure in -- only game in town. walk us through what we are talking about and make it easy on viewers. >> a legislative reform push in washington to figure out what to do about fannie and freddie. do we liquidate them or fix them? right now, saying, let's just wait them out and start again. theeans, you will wipe out essentially and try to build it again from greenville. a difficult task. as opposed to stopping and i wasg -- saying, supposed to -- as opposed to saying, what is it that caused it. >> let's
technology will be demonstrated for participants in a mock auction. it will be tested before the sale happens. one of the big complaints about the health care exchange website, there was not an adequate end to end test of the entire system. >> thank you. next, the real problem with fannie and freddie. we will explain with josh rosner and will be right back. ♪ qwest time for chart attack, where we show you two charts that will make you smarter. first, fannie and freddie kind of got stuck...
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joining us from applied technology. accent.eeded a northern nice work. >> we will be joined by robert skidelsky talking the autumn statement, next. ♪ >> welcome back to "the pulse," live from bloomberg's european headquarters in london. here are the top headlines. ukraine's opposition will hold talks with president viktor yanukovych's party after more than 20,000 people joined protest against his rejection of a european union trade pacts. protesters have set up calls for the administration to resign. executives from europe's biggest banks under pressure to surrender their bonuses. yesterday, six banks were fined 1.7 billion euros for manipulating benchmark interest rates. the european commission's antitrust fines were sanctioned ing two $6igg billion. george osborne gives the autumn statement, the end of your financial update to parliament. it is focusing on balancing the books as britain' recovery. >> let's talk more about the statement. i am joined by the bush economic historian and member of the house of lords, rob
joining us from applied technology. accent.eeded a northern nice work. >> we will be joined by robert skidelsky talking the autumn statement, next. ♪ >> welcome back to "the pulse," live from bloomberg's european headquarters in london. here are the top headlines. ukraine's opposition will hold talks with president viktor yanukovych's party after more than 20,000 people joined protest against his rejection of a european union trade pacts. protesters have set up calls for...
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too, are technology companies. they are not banks. is a mobile payments the same thing? appliesegulation depending on what function you served in the payment system. whether you are a credit card network or a phone carrier like verizon or you are a brick-and- mortar bank. all of these different business models are trying to get into this game. they are trying to claim ownership of the emerging retail business in terms of how to get that one merchant to sign on in an exclusive contract. through google wallet or an app. credit card companies are innovating, they are trying to out innovate google. they are working with banks. >> who is pushing for regulation? >> the regulators. they are concerned about three things. that consumers' data, financial data is kept private. they are worried about fraud. what happens when fraudulent activity happens. do consumers have recourse? they are worried about securities. mobile to mobile transfers are a great way to money launder. it could lead to funding of terrorism. the treasury in the financial crimes network is interested in mobile p
too, are technology companies. they are not banks. is a mobile payments the same thing? appliesegulation depending on what function you served in the payment system. whether you are a credit card network or a phone carrier like verizon or you are a brick-and- mortar bank. all of these different business models are trying to get into this game. they are trying to claim ownership of the emerging retail business in terms of how to get that one merchant to sign on in an exclusive contract. through...
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many of these factors that have been suppressing wage growth -- think about technology and the global arbitrage. this is not a function of what happened in 2008. these factors have been influencing slow wage growth for a long time and will probably continue into 2014. what does modest mean when we talk about stock market in 2014? >> summer in the mid-to high single digits. he is a chief strategist here at black rock. it has been an amazing day. more importantly, how to invest in that kind of environment. anthat is an all-star to -- all-star lineup. we have more to talk about, not what is happening in new york but taking you down to the sea. enough to prevent another government shutdown? we will ask al hunt. that is coming up next on market makers. >> call it a not so grand bargain. negotiators on capitol hill are getting close to a deal on it a jet. it would reduce the automatic budget cuts called for by sequestration but it won't do anything about corporate tax breaks. i want to take us to washington and bring in al hunt. i guess i can't believe people are talking about the great he'
many of these factors that have been suppressing wage growth -- think about technology and the global arbitrage. this is not a function of what happened in 2008. these factors have been influencing slow wage growth for a long time and will probably continue into 2014. what does modest mean when we talk about stock market in 2014? >> summer in the mid-to high single digits. he is a chief strategist here at black rock. it has been an amazing day. more importantly, how to invest in that kind...
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ecoboost, the technology to boost fuel a 4-iency -- there is cylinder version of the scar that will double the fuel efficiency. >> you mentioned this rear axle a few times. why is it so important? >> most modern cars have gone from a live rear axle, when temple, if you will, that 2 wheels, twoack independent rear suspension. if you hit a pothole with one wheel, the other one react. they are independent -- the other won't react. the 2 have been independent of each other. fortis been famous for sticking with this rear axle and the mustang. i've heard executives from other companies say how they are impressed with the balance this mustang achieves good diehard purists are going to be angry about the change. matt we just mentioned, will be interviewing the ceo alan mullally in the next hour on "market makers." and other automakers revving and shaking this hour, the vice chairman of general motors. he says that gm is pulling its chevy brand out of europe entirely so that it can strengthen fox all sales. russia.ll stay in girsky says that chevy has had unacceptable financial performance in europ
ecoboost, the technology to boost fuel a 4-iency -- there is cylinder version of the scar that will double the fuel efficiency. >> you mentioned this rear axle a few times. why is it so important? >> most modern cars have gone from a live rear axle, when temple, if you will, that 2 wheels, twoack independent rear suspension. if you hit a pothole with one wheel, the other one react. they are independent -- the other won't react. the 2 have been independent of each other. fortis been...